Get The Best Edmonton, AB Financial Literacy Education For Small Business Owners

by PRC Agency PR

Bad bookkeeping tanks businesses. Again and again. Simple as that. It's a fact - and it's also common sense. If you don't know how much is coming in and how much is going out - and why, how, and where to - you're in for a world of pain.

As the great American philosopher, Casey Stengel often said, “You can look it up.”

JB Training Services, led by owner Jacqueline Bernal, now teaches small business owners how to protect themselves against fraud and theft if they have someone else managing their bookkeeping. A cautionary tale recently surfaced in the news about an Edmonton bookkeeper who stole almost $3 million from a business because the owner had entrusted him to manage their finances.

Check it out at https://www.cbc.ca/news/canada/edmonton/edmonton-bookkeeper-prison-term-1.6327551?fbclid=IwAR2zyTW7FkKQnPHkT8bhGc8XDHJCShvCNeUOr_VxK8djp2l43BnMUeHxnac

JB Training Services, run by a Certified Professional Bookkeeper with extensive experience, teaches you how to understand the information you pull from their financial statements - to help them make better business decisions and to arm them against any bookkeeping sloppiness or malpractice.

According to one study, well over a third of small business owners describe themselves as financially illiterate. In this event, a company will likely encounter problems such as allowing expenses to rise to the point where profits are negligible. This itself can lead to overuse of credit cards, predatory lending, fraud, and exorbitant interest rates, resulting in negative credit or bankruptcy for many people. Financial illiteracy can trigger bad decisions and significant debt.

JB Training Services Inc, educates new or struggling Canadian business owners on the paramount importance of proper bookkeeping. Using your own bookkeeping for your business - not sample files, students are taught the rules and regulations around deductible business expenses, payroll, GST/HST, and provincial sales tax, as well as sales tax for businesses that sell to the United States. Additionally, business owners learn how to understand and use the power and magic hidden within their financial statements.

Furthermore, the company impresses upon its owner/students the significant challenges of using bookkeeping programs - such as QuickBooks or Xero - with e-commerce sites. When the systems are not set up properly, they cannot sync or provide adequate reporting of sales and deposits which and may result in unreliable financial reporting - and poor decision making.

Through the “Learn * Do * Delegate” philosophy the goal of the training is to teach small business owners how to do their own bookkeeping and eventually delegate those duties to someone else - while retaining complete control.

With over 30 years of training and experience, Jacqueline Bernal is a Certified Professional Bookkeeper, a QuickBooks Certified ProAdvisor, and a Xero Certified Advisor.

One client commented: “Jackie went from doing our books to training our in-house bookkeeper. She is passionate about helping small businesses learn how to keep their books up to date, manage their cash flow, and ultimately grow their business. We have greatly appreciated Jackie's experience and expertise over the years.”

You may be eager to learn. Or you may be anxious - you don't like numbers! Don't worry. Ms. Bernal has seen it all! What's important is that your business succeeds.

Go to https://www.startup2scaleup.io/pages/services/edmonton-bookkeeping-training-services and take the plunge: your future self will thank you so much!